CRISIL reaffirms ratings assigned to bank facilities of Gloster

Credit rating agency, CRISIL has reaffirmed long term rating of ‘A/Stable’ and short term rating of ‘A1’ to Gloster’s bank loan facilities worth Rs 150 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s Commercial Paper Programme worth Rs 50 crore.

Gloster is engaged in manufacturing of jute and jute allied products. Its products include industrial fabrics, jute fabrics, jute goods, packaging products and shopping bags.